Retail Storefront
For Sale
Contact for pricing
4825 POPLAR AVE, Memphis, TN 38117
CMU-3-zoned storefront with existing occupancy and near-term availability.
Property Size2,128 SF
Price / SF$152.73
Days on Market70
Property Features for 4825 POPLAR AVE
General Information
Standard status
Active
Size
2,128 SF
Property subtype
Retail, Office
Zoning
CMU-3
Site & Location
Traffic Count
31,798 vehicles/day
Road Access
Yes
Building Details
Year Built
1952
Stories
1
Listing Agency:
Gray Realty Partners
Listed By:
Noah Gray · License #365309
Source:
Crexi
Added: Aug 7
Changed: Oct 9
Last Checked: Oct 14 at 10:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gray Realty Partners
Investment Insights
Based on property information with market context.
This 2,128 SF storefront property was built in 1952 and occupies frontage along Poplar Avenue. The CMU-3 zoning supports commercial, office, and employment uses, providing flexibility for a range of business configurations. Existing occupancy generates in-place income, while availability for occupancy is projected in approximately 30 days.
The property is positioned within the East Memphis retail and office corridor, with reported traffic of 31,798 VPD on Poplar Avenue. Clark Tower and i-Bank Tower are nearby. The seller will lease on-site parking spaces to the buyer, providing a defined parking arrangement for the property.
The property is positioned within the East Memphis retail and office corridor, with reported traffic of 31,798 VPD on Poplar Avenue. Clark Tower and i-Bank Tower are nearby. The seller will lease on-site parking spaces to the buyer, providing a defined parking arrangement for the property.
Key Highlights
- 2,128 SF storefront property built in 1952
- CMU‑3 zoning supports commercial, office, and employment uses
- Poplar Avenue frontage with reported traffic of 31,798 VPD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,227
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,540
$424.5K
Cap Rate 7%
$303,243
$303.2K
Cap Rate 9%
$235,856
$235.9K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$31.9K $15.00/SF
− Vacancy
−$1.6K −$0.75/SF
EGI
$30.3K $14.25/SF
− OpEx
−$9.1K −$4.27/SF
NOI
$21.2K $9.98/SF
Area
Memphis, TN
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,540
Cap Rate 7%
$303,243
Cap Rate 9%
$235,856
Alternative Uses
Best Use
Office B
$465.1K
$407.0K – $542.6K
NOI $32,558 @ 7.0% cap · market cap 10.02%
Second Best
Retail
$303.2K
$265.3K – $353.8K
NOI $21,227 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$628.9K
$550.3K – $733.7K
NOI $44,024 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
31,798 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,750
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 38117, TN
27,138
Population
12,045
Households
2.3
Avg Household Size
40
Median Age
60%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
2,887
Density / Sq Mi
$93,688
Median Household Income
$52,596
Median Earnings
$1,353
Median Rent
$287,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Memphis, TN
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Similar Off Market Nearby
- Kroger Floral — 799 Truse Pkwy, Memphis, TN 38117
- Kacie Cooper Floral Design — 4726 Poplar Ave #5, Memphis, TN 38117
- L & Jay Productions — 4948 William Arnold Rd, Memphis, TN 38117
- Kroger Floral — 540 S Mendenhall Rd # 16, Memphis, TN 38117
- Festive Designs Inc — 362 Clove Dr, Memphis, TN 38117
Frequently Asked Questions
What type of property is this?
Storefront property - CMU-3-zoned storefront with existing occupancy and near-term availability.
Where is this storefront property located?
The property is located at 4825 POPLAR AVE Memphis, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,128 SF storefront property built in 1952; CMU‑3 zoning supports commercial, office, and employment uses; Poplar Avenue frontage with reported traffic of 31,798 VPD
